Jump to content
House Price Crash Forum

Furlough ends, Mass unemployment begins?


Recommended Posts

Anyone have any anecdotal evidence on what the situation will be like when the furlough scheme ends on October 31st?

There are  9.6 million workers furloughed by 1.2 million employers.

So will employers immediately sack these workers, /  make them redundant ? 

I don't know anyone on the scheme so would like to know if anyone does and what they might be expecting...

Here's an article from the BBC:

What happens when the furlough scheme ends?

https://www.bbc.com/news/explainers-52135342

 

Edited by Warlord
Link to post
Share on other sites
  • Replies 192
  • Created
  • Last Reply

Top Posters In This Topic

18 minutes ago, Warlord said:

Anyone have any anecdotal evidence on what the situation will be like when the furlough scheme ends on October 31st?

There are  9.6 million workers furloughed by 1.2 million employers.

So will employers immediately sack these workers, /  make them redundant ? 

I don't know anyone on the scheme so would like to know if anyone does and what they might be expecting...

Here's an article from the BBC:

What happens when the furlough scheme ends?

https://www.bbc.com/news/explainers-52135342

 

i think there will be a mix.

1)some employers will make immediate cutbacks..hosiptality,leisure and travel sectors for certain.

2)some other employers will be offering existing staff pro-rata contracts instead of full time work,might be temporary,might be permanent.Others will be offerning more work from home if it can be done, fine for those workingfrom home,but not for mrs miggins pie shop where said worker buys lunch.

Link to post
Share on other sites
11 minutes ago, btl_hater said:

I know someone who has been made redundant, but still getting the furlough money up until the end of this month. Suspect that will be quite common.

Very interesting... so there could well be a huge amount of 'hidden'' unemployment.

This is ticking ttimebomb

I wonder what the government has up its sleeve

Quote

Newly-elected Conservative MPs are being urged to back calls for a targeted extension of the furlough scheme to avoid hundreds of thousands of jobs in their constituencies being put at risk.

https://www.itv.com/news/2020-09-08/tory-mps-urged-to-back-targeted-extension-of-furlough-scheme

Link to post
Share on other sites
1 hour ago, Warlord said:

Anyone have any anecdotal evidence on what the situation will be like when the furlough scheme ends on October 31st?

There are  9.6 million workers furloughed by 1.2 million employers.

So will employers immediately sack these workers, /  make them redundant ? 

I don't know anyone on the scheme so would like to know if anyone does and what they might be expecting...

Here's an article from the BBC:

What happens when the furlough scheme ends?

https://www.bbc.com/news/explainers-52135342

 

I know a number of people who were on the scheme but have now gone back to work. But it's really up to Richey Rish to keep the economy moving.

Link to post
Share on other sites
1 hour ago, Warlord said:

Anyone have any anecdotal evidence on what the situation will be like when the furlough scheme ends on October 31st?

There are  9.6 million workers furloughed by 1.2 million employers.

 

That is factually wrong. That is the number of people who have used the scheme since march not currently on furlough. Virtually all of them have gone back to work. Certainly I know nobody still on furlough.

Link to post
Share on other sites
1 minute ago, Pebbles said:

That is factually wrong. That is the number of people who have used the scheme since march not currently on furlough. Virtually all of them have gone back to work. Certainly I know nobody still on furlough.

Amongst my clients about a 3rd still furloughed so they will be in the firing line for redundancy 

It might be factually wrong as you say but it’s a little splitting hairs isn’t it ?

Millions will be made redundant without the furlough support 

The 2nd wave of redundancies will be next year when demand craters as unemployment hits 

Link to post
Share on other sites

Furlough is still available for almost two months, in the interim the government will likely announce an extension to the new year with employers paying more as time goes on.  Personally I know casual workers including students who are getting Furlough and working in new jobs.  That said it can only be bad as employers are either going to get rid of people now or in the next four to five months.  

Link to post
Share on other sites
19 minutes ago, satsuma said:

in the interim the government will likely announce an extension to the new year with employers paying more as time goes on.

Boris Johnson has ruled at extending the furlough scheme at a government press conference - dealing a huge blow to workers.

He says the government will do everything they can to support people who can't work, but does not say the scheme will be extended.

https://www.birminghammail.co.uk/news/midlands-news/furlough-extension-update-issued-boris-18907561

Motion to extend in parliament was defeated 

Link to post
Share on other sites
2 hours ago, Warlord said:

Anyone have any anecdotal evidence on what the situation will be like when the furlough scheme ends on October 31st?

There are  9.6 million workers furloughed by 1.2 million employers.

So will employers immediately sack these workers, /  make them redundant ? 

I don't know anyone on the scheme so would like to know if anyone does and what they might be expecting...

Here's an article from the BBC:

What happens when the furlough scheme ends?

https://www.bbc.com/news/explainers-52135342

 

We get Furlough 2.

Link to post
Share on other sites
1 hour ago, satsuma said:

Furlough is still available for almost two months, in the interim the government will likely announce an extension to the new year with employers paying more as time goes on.  Personally I know casual workers including students who are getting Furlough and working in new jobs.  That said it can only be bad as employers are either going to get rid of people now or in the next four to five months.  

This. I know someone on furlough, who now has another job in a completely different sector earning roughly the same money as the first job, they are quids in whilst furlough continues.

Edited by LetsBuild
Link to post
Share on other sites
1 hour ago, Warlord said:

Have you heard anything from your employer yet ?

Yes, I've been asked to work several days over the past month as demand has picked up, I'm effectively like a contractor on a day rate but subsidised by gov. 

Expectation is work in the pipeline to increase but employer has been very upfront so far.

If asked to, I might go part-time, rather enjoyed furlough time off 🙂

Link to post
Share on other sites
2 minutes ago, crazypabs said:

Yes, I've been asked to work several days over the past month as demand has picked up, I'm effectively like a contractor on a day rate but subsidised by gov. 

Expectation is work in the pipeline to increase but employer has been very upfront so far.

If asked to, I might go part-time, rather enjoyed furlough time off 🙂

I'm pleased its worked out for you but there are dire warnings that for millions it won't...

 

1 hour ago, TheCountOfNowhere said:

We get Furlough 2.

Defeated yesterday unless they do U-turn again which is entirely possible..

Link to post
Share on other sites

It could well be that the official unemployment figures are not affected too badly by this. The young chap (or chappess) in the coffee shop who loses their job, may be able to snag a delivery job or work for Morrisons/Tescos. The chef laid off by a central London restaurant, may be able to get work in a suburbs restaurant - albeit for less wages. And the department supervisor who loses her job with M&S may well be able to take early retirement.  The real pain (I suspect) is being felt by small tourist-orientated businesses in central London and other places. Those that can pivot into selling more online may stand a chance.

Link to post
Share on other sites
4 hours ago, GregBowman said:

It might be factually wrong as you say but it’s a little splitting hairs isn’t it ?

Not really splitting hairs, since anyone who has gone back already is less likely to be laid off when furlough ends. The key figure is how many are still on furlough when the scheme ends. Does anyone know what that figure is?

Link to post
Share on other sites

Thatcher bravely bumped up unemployment to 12% without consequences. 

Bojo and Cummings will do it. Maybe announce an increase in UC, change in max savings for claimants? It'll be good for the pound as we navigate towards No Deal January.

Link to post
Share on other sites

One close friend of mine lost their job with Emirates last month, they layed off all their VIP drivers. Another friend of mine, has been offered reduced hours, at a nursery. Which doesn't really impact them, as tax credits etc make to short fall.

I really can't see Furlough 2.0, it's unfair on keyworkers, NHS etc they are all pretty demorilaised with no compensation.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.